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Old 12-30-2008, 05:43 AM
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Default Hobby Panic in 2009

Posted By: Pennsylvania Ted

As long as INTEREST rates stay LOW....they are now the lowest (4%) in many a moon....Collectibles will thrive and flourish.

Let's take a lesson from recent history. In 1979 - 82 when inflation was 14%......interest rates were 20%....and, unemploy-
ment was 10%, we were suffering and Collectible values took a severe dive.

We are in a "recession", not a "depression" ! ! So, calm down, you gloom and doom naysayers.

Now, if Paulson (and Co.) continues with these Government bailouts......we will be in trouble. FDR exascerbated the 1929
depression, and it dragged out for years, by doing exactly what Paulson has been doing since October.

Let the free market prevail....and, it will correct the economy....much sooner than the Government can.

If, I am wrong and BB card values diminish....I, for one, will welcome this....as it is an opportunity to buy more BB cards.

It's a "WIN - WIN" situation.

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